Client : Prepared by : Date :

Year : Reviewed by: : Date :

GENERAL AUDIT PROGRAMME

Sr. DESCRIPTION SCHEDULE PERFORMED DATE

No. REFERENCE BY

PERFORM PRE-ENGAGEMENT ACTIVITIES

1. Review engagement risk by considering the

factors which are client specific.

2. Prepare preliminary audit engagement budget

and schedule appropriate audit staff.

3. Review terms of engagement and prepare fee

estimates.

4. Review the points brought forward from the prior

year, correspondence file, report file and tax file,
and ensure that points of concern are
appropriately addressed.

5. Hold a pre-audit meeting with the engagement

manager and partner to discuss engagement risk
consideration, audit approach to be taken and
design and preparation of the audit plan.

PERFORM PRELIMINARY PLANNING

6. Organise a planning meeting with the client's staff

to update our understanding of the client’s
business and their accounting process.

7. Consider environmental and industry factors

which might identify specific potential risk and
document our concern.

8. Update understanding of the accounting process

and identify specific risks.

9. Perform preliminary analytical procedures and

identify any unusual or unexpected balances, and
or, relationship which may indicate potential
misstatement of the financial statements.

10 Determine planning materiality after assessment

of the specific circumstances of the client

11 Review and up date the permanent file as

appropriate and record amendments made.
Sr. DESCRIPTION SCHEDULE PERFORMED DATE
No. REFERENCE BY

12 Update systems notes/flowcharts as appropriate

and a copy of system notes prior to amendment
should be filed together with the last audit to
which they were relevant.

INTERIM AUDIT VISIT

13 Update our understanding of the client's business,

accounting process, control environment and
materiality. Where changes are significant or
where factors indicate potential risks, document
the details and our specific concerns as a matter
for Partner's attention. Draft responses to address
the risk and seek partner/manager approval.

FINAL AUDIT VISIT

14 Update our understanding of the client’s business,

accounting process, control environment and
materiality. Where changes are significant or
where factors indicate potential risks, document
the details and our specific concerns as a matter
for partner's attention. Draft focused responses to
address the risk and seek partner/manager
approval.

15 Ensure all review points have been cleared and

relevant work papers amended.

16 Ensure all adjustments to the financial statements

are reflected in the lead schedule and that they
agree to the statutory accounts.

17 Ensure all material misstatements are discussed

and reported to management and recorded
appropriately (To be done as highlighted in
Summary of unadjusted errors).

18 Complete our subsequent events review up to the

date of the completion of the audit field work and
ensure this is updated to a date as near as it is
practicable to the date of signing the statutory
accounts.

19 Ensure matters to be considered by partners are

properly documented and cleared before the
issue of audit report.

20 Prepare an Audit Summary Memorandum

including any outstanding matters.

21 Ensure an appropriate letter of representation is

received from the management.
Sr. DESCRIPTION SCHEDULE PERFORMED DATE
No. REFERENCE BY

22 Prepare debriefing notes on audit and carry

forward points to next year.

STATUTORY & DISCLOSURE MATTERS

23 Inspect statutory registers and ascertain whether

prima facie the information they contain is up to
date and inform client of improvement, if
necessary.

24 Read the minutes of all meetings and written

resolutions of shareholders/partners, of directors
and of any committee whose decisions may affect
the accounts.

25 Complete the appropriate compliance checklist for

accounting and other legal requirements to which
the entity is subject and ensure all material
matters have been complied with.

26 Ensure adequate documentation is on file to

support disclosure items in the financial
statements.

27 Ensure the accounts disclose related parties and

related party transactions that are material to the
financial statements.

MANAGEMENT LETTERS

28 Prepare matters for inclusion in management

letters relating to any internal control weaknesses
and client service objective.

29 Review prior year management letter points and

ensure these have been followed up by client or
need to be readdressed.

30 Ensure management’s responses to those points

we have raised for inclusion in the management
letter are documented in the files.

31 Review any reports issued by the internal audit

department noting their findings and
recommendations. Plan and execute your
responses to their findings and the impact on the
financial statements. Determine if any corrective
actions have been taken based upon the reports.

32 Complete and issue formal management Letter to

the appropriate company officials.
Sr. DESCRIPTION SCHEDULE PERFORMED DATE
No. REFERENCE BY

ADMINISTRATION MATTERS

33 Ensure the time records are updated daily and

reconciled to the time sheet fortnightly. Report to
manager if material deviation from budget is found
and see whether there are any areas which can
be improved. All significant deviations from
budgeted time, cost, or staff requirement have
been fully described in files.

34 Ensure that the staff report has been completed

and discussed with each staff member.